Why Buy IBM Shares? Watson
IBM (IBM) is firing on all cylinders lately and its share price reflects its staying power by closing above $200 a share this week. IBM's super computer Watson is going to work for Citigroup (C) and its why the Masters want in now.
Last week we recommended buying IBM shares in 3 Stocks to Buy at 12 Month Highs. IBM was trading just under its 12 month high and this week it made the $200 roll hitting $201.19.
Citigroup (C) is hiring Watson to do what no man can do. The AWESOM-O like computer will help analyze customer needs and process financial, economic and client data to advance and personalize digital banking.
Watson already does work for its health-care clients WellPoint Inc. and Seton Health Family by analyzing data to improve care. IBM executives say Watson’s skills -- understanding and processing natural language, consulting vast volumes of unstructured information, and accurately answering questions with humanlike cognition -- are also well suited for the finance industry.
Watson may add $2.65 billion in revenue in 2015, adding 52 cents of earnings per share, Ed Maguire, an analyst at CLSA in New York, estimated in a November research note (source: bloomberg via fa-mag.com)
MASTERY Bottom line:
Need another reason to buy IBM?
Watson is your answer.
Mastery expects IBM to continue to prosper in 2012.
Our 12 month target price for IBM is now $250.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Regarding Crude | iBankCoin.com
- Gun Violence In America (In 6 Uncomfortable Charts) | ZeroHedge
- Viewing Russia From the Inside | Financial Sense
- S&P 500 Melts Up Over 100 Points In 3 Days, Nears All-Time High | ZeroHedge
- Credit Doesn't Care What the FOMC Says: The "Recovery" That Never Was Is Over | ZeroHedge
- Last Nibble, I Promise | iBankCoin.com
- Deflationary Indicators Yawn at Fed’s Growth Confidence | Financial Sense
The most relevant financial news and articles from the Internets
- THE CONNECTED-HOME REPORT: Forecasts And Growth Trends For The Leading '... | Business Insider
- Check Out This British Crowdfunding Campaign To Send A Rocket To Drill On... | Business Insider
- Notable Mergers and Acquisitions 12/19: (ROG)/(HNH... | StreetInsider.com
- Venture Capital Investing Has Reached Early Dotcom Era... | Business Insider
- 18 Perfect Gifts For The World Traveler | Business Insider
- Apple Is Now Shipping Most New iPhone Models In Just One Day (AAPL) | Business Insider
- After-... | StreetInsider.com